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MINNEAPOLIS – FICO, provider of the ubiquitous credit score, reported a 1% dip in fiscal third quarter earnings yesterday, based on a similar decline in revenues for the period.
July 28 -
SAN FRANCISCO – Visa Inc. reported profit of $716 million yesterday for its fiscal third quarter, as consumers resumed spending.
July 28 -
RESTON, Va. – Student loan giant Sallie Mae, which began life as a government sponsored enterprise then transitioned into the biggest provider of student loans in the country, has hired Goldman Sachs to consider a possible break up of the company, which has been devastated by recent student loan legislation.
July 28 -
KINGSTON, N.Y. – Mid-Hudson Valley FCU is expanding its 24/7 Personal Teller Service to two more branches next week.
July 28 -
SEATTLE – A worker at a local Wendy’s restaurant was arrested yesterday, along with two alleged accomplices, and charged with identity theft after she allegedly used a “skimmer” to steal credit card information from as many as 135 customers.
July 28 -
TALLAHASSEE, Fla. – Southeast Corporate FCU here reported an other-than-temporary-impairment charge of nearly $800,000 last month but was able to cover the losses with retained earnings, the credit union announced.
July 27 -
DALLAS – Four suspects attempted to steal an ATM from America's CU early Tuesday, right down the street from the Garland Police Station, while an off-duty police officer watched their every move.
July 27 -
LINDEN, N.J. – E53 FCU, the nation’s 18th-oldest federal credit union chartered to serve employees of ExxonMobil, ConcocoPhilips and DuPont, is celebrating its 75th anniversary with a new name, Motion FCU.
July 27 -
NORTH HAVEN, Conn. – Connex CU is searching for one college student to serve as the credit union’s vice president of “Unbanking” and four other interns as part of its outreach to Generation Y.
July 27 -
TUKWILA, Wash. – BECU has installed Axway’s SecureTransport solution, which the company said securely manages financial exchanges.
July 27 -
VERNON HILLS, Ill. – Baxter CU said yesterday it has contracted with CUSO Financial Services for broker/dealer services and back office support.
July 27 -
SANTA ANA, Calif. – NCUA is investigating allegations that manager fraud caused a failure at Mutual Diversified Employees FCU, a one-time $10 million credit union that was closed and folded into nearby giant SchoolsFirst FCU in February.
July 27 -
SAGINAW, Mich. – Wanigas CU was granted $384,000 from the Federal Home Loan Bank of Indianapolis to help finance homeownership in foreclosed homes.
July 27 -
TROY, N.Y. – Capital Communications FCU said its CAP COM Cares Foundation will donate $100,000 to Hudson Valley Community College to expand its nursing program.
July 27 -
BROOKFIELD, Wis. – Fiserv yesterday reported a 9% decline in second quarter earnings, based on a drop in income from discontinued operations after last year’s sale of its insurance business.
July 27 -
DENVER – Dynamic Card Solutions announced yesterday the U.S. Patent and Trademark Office has issued the company a Notice of Allowance for a patent encompassing proprietary instant issuance printing technology for unembossed financial cards.
July 27 -
SAN DIEGO – A federal judge yesterday rejected a request for child visitation made by a young woman who allegedly left her 18-month-old child at home while she went out on a robbery spree, hitting a credit union and two banks in two busy hours May 10.
July 27 -
WASHINGTON – A Senate subcommittee yesterday endorsed a bill that would cap interchange fees charged to federal government entities for taxes and other services at the lowest market rate, continuing efforts to lower interchange fees charged by credit unions and banks.
July 27 -
ALEXANDRIA, Va. – NCUA announced today it has reestablished an office of the chief economist for the first time in 18 years and hired John Worth, policy manager for the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, to head it.
July 27 -
TULSA, Okla. – Tulsa FCU plans to build a branch on Riverside Drive.
July 26